UnknownUnicorn3595641

Keep an eye on the Monero. The Bitcoin replacement

Long
POLONIEX:XMRUSD   Monero / U.S. Dollar
We are on the long term resistance. If it breaks out, you can expect 100-120ish or even higher.
Set XMRUSD to your alert. Fundamentally, Monero is better than bitcoin . Give it time and XMR will take over the market. Get in early and HOLD.

or

trade that beast when it breaks out.
The only issue in this pattern is the lack of volume IMO. Need more volume for a powerful break out. Remember that we are in crypto Volume can pop out of nowhere ...
Commentaire: Perfect Break out. Next Big step is 100 ish.

Commentaires

Nice
+2 Répondre
Hi,
nice chart.
Volume is dropping because you are looking only at poloniex. When you look at other exchange for the same paper (e.g. Binance) you'll see that the moves of the last days are very well supported by volume!

best regards,
+1 Répondre
TraderT33 TraderT33
@TraderT33, "for the same paper" should be "for the same pair" obviously
+1 Répondre
@TraderT33, You are totally right my friend.I Didn't notice the binance volume VS poloniex volume.
Thank you for the tip!
Répondre
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